Published: Sat, August 05, 2017
Medicine | By Daryl Nelson

Tax free holiday is this weekend

Tax free holiday is this weekend

Governor Rick Scott today highlighted the upcoming three-day Back-to-School Sales Tax Holiday starting tomorrow, August 4, and continuing through Sunday, August 6.

This year, the annual holiday begins at 12:01 a.m. August 4 and ends at midnight August 6 and applies a sales tax exemption for certain clothing and shoe purchases. Friday through Sunday there will be no sales tax on certain "back to school" items including school supplies, clothing, as well as bigger ticket items like laptops and other technology under $750.

The sales tax holiday applies only to clothing and footwear that costs less than $100. Several other states also are holding sales tax holidays this weekend.

And that's a welcome relief given how high back-to-school spending gets.

For instance, in Houston, the sales tax rate will be 3.375 percent - which is absent the state sales tax.

In Missouri, cities, counties, and districts have the option to not participate in the sales tax holiday.

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According to a Florida House bill analysis, the state is estimated to reduce state and local government revenue by almost $27 million and $7 million, respectively.

The annual weekend has become for back-to-school shopping what Black Friday is to Christmas shopping by giving people an extra incentive to come out and shop - a win for consumers and businesses alike.

Lawmakers considered doing away with the sales tax holiday this year but ultimately kept it.

The sales tax holiday will save Florida shoppers $33 million. "One thing I would say is if that was the case, retailers wouldn't be making this one of their significant legislative priorities year in and year out".

"This can often be a stressful time of year for families who may struggle to afford to buy their children school supplies and new clothes", he said.

Q. Does Nebraska have a tax holiday? They will probably be overwhelmingly busy all weekend and will appreciate it if you provide a dose of compassion and patience.

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